Park Place Capital Corp Has $219,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Park Place Capital Corp cut its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 60.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,785 shares of the utilities provider’s stock after selling 5,785 shares during the period. Park Place Capital Corp’s holdings in Dominion Energy were worth $219,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of D. Family Firm Inc. acquired a new position in shares of Dominion Energy in the second quarter valued at approximately $27,000. Rise Advisors LLC bought a new position in shares of Dominion Energy during the first quarter valued at $30,000. LRI Investments LLC acquired a new position in shares of Dominion Energy during the first quarter worth $30,000. Triad Wealth Partners LLC bought a new stake in shares of Dominion Energy in the second quarter worth $33,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Dominion Energy in the second quarter valued at $35,000. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

D has been the subject of several recent research reports. Scotiabank increased their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. BMO Capital Markets boosted their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, Jefferies Financial Group started coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $54.50.

Dominion Energy Stock Down 0.5 %

Shares of NYSE D opened at $56.81 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.94. The stock has a market capitalization of $47.58 billion, a P/E ratio of 29.28, a P/E/G ratio of 1.55 and a beta of 0.60. The company has a 50-day moving average price of $56.51 and a 200-day moving average price of $52.77.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. Dominion Energy’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. On average, equities research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were paid a $0.6675 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.70%. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.